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Loncor Gold ( (TSE:LN) ) has provided an update.
On March 10, 2025, Loncor Gold Inc. announced significant results from its drilling program at the Adumbi deposit, part of the company’s Imbo Project in the DRC. The drilling at borehole LADD028 revealed multiple intersections of gold mineralization, including a notable 13.92 meters grading 6.01 g/t gold. These results are part of Loncor’s ongoing efforts to expand the 3.66 million ounce resource at Adumbi into a Tier 1 project, potentially enhancing the company’s standing in the gold exploration industry.
More about Loncor Gold
Loncor Gold Inc. is a Canadian gold exploration company focused on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo (DRC). The company has over two decades of experience operating in the DRC and is primarily focused on the Imbo Project, where the Adumbi deposit holds significant gold resources.
YTD Price Performance: 6.10%
Average Trading Volume: 49,423
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $66.87M
See more data about LN stock on TipRanks’ Stock Analysis page.